Exchange Procedure definition

Exchange Procedure means the procedure for exchanging Participating Preferred Shares into Shares or cash set forth in Article 2.
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Exchange Procedure has the meaning specified in Section 3.4.
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Exchange Procedure shall have the meaning as set forth in the introductory clause of Article 63, Paragraph 5 hereof.
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Examples of Exchange Procedure in a sentence

  • The use of the fallback procedure does not change the liability as defined under Data Exchange Procedure above.

  • Addresses for sending the billing files according to the fallback procedure as well as Delivery Notes and Contact Points for enquiries and complaints are: The use of the fallback procedure does not change the liability as defined under Data Exchange Procedure above.

  • Addresses for sending the billing files according to the fallback procedure as well as Delivery Notes and Contact Points for enquiries and complaints are defined in Annex I.3.2. The use of the fallback procedure does not change the liability as defined under Data Exchange Procedure above.

  • Regarding the exchange of information, in accordance with Article 10 of the WTO TBT Agreement, the Parties should apply the recommendations indicated in the document Decisions and Recommendations adopted by the WTO TBT Committee since January 1, 1995, G/TBT/1/Rev.9, September 8, 2008, Section V (Information Exchange Procedure) issued by the WTO TBT Committee.

  • The exchange shall be in accordance with the intelligence Exchange Procedure per ▇▇▇▇▇ ▇▇▇.

  • Under the Original Agreement, the Parties have adopted a Safety Data Exchange Procedure (the “SDEP”).

  • All holders of Capital Shares that surrender their Capital Shares to MLIC will receive either New Capital Shares or cash in exchange for such Capital Shares (the "Exchange Procedure").

  • Pursuant to the Exchange Procedure, UCLIC will return to MLIC 2,433,345 Capital Shares plus cash in the amount of $1,822,704 (all of which will be contributed to the Guarantee Capital) in exchange for which it will receive 8 New Capital Shares and approximately $23,048 in cash for the remaining Capital Shares (3,073 Capital Shares) in excess of the amount required for 8 New Capital Shares.

Related to Exchange Procedure

  • Exchange Program means a program under which (i) outstanding Awards are surrendered or cancelled in exchange for Awards of the same type (which may have higher or lower exercise prices and different terms), Awards of a different type, and/or cash, (ii) Participants would have the opportunity to transfer any outstanding Awards to a financial institution or other person or entity selected by the Administrator, and/or (iii) the exercise price of an outstanding Award is reduced or increased. The Administrator will determine the terms and conditions of any Exchange Program in its sole discretion.

  • Exchange Provision At any time after the date an Acquiring Person obtains 15% or more of the Company's Common Stock and prior to the acquisition by the Acquiring Person of 60% of the outstanding Common Stock, the Company's Board of Directors may exchange the Rights (other than Rights owned by the Acquiring Person or its affiliates), in whole or in part, for shares of Common Stock of the Company at an exchange ratio of one share of Common Stock per Right (subject to adjustment). However, if a majority of the Company's Board of Directors is elected by shareholder action by written consent, then for a period of 180 days following such election the Rights cannot be exchanged if such exchange is reasonably likely to have the purpose or effect of facilitating an acquisition of the Company by a person or entity who proposed, nominated or supported a director of the Company so elected by written consent (an "INTERESTED PERSON"). REDEMPTION OF Rights will be redeemable at the Company's THE RIGHTS: option for $0.01 per Right at any time on or prior to public announcement that a Person has acquired beneficial ownership of 15% or more of the Company's Common Stock (the "SHARES ACQUISITION DATE"). However, if a majority of the Company's Board of Directors is elected by shareholder action by written consent, then for a period of 180 days following such election the Rights cannot be redeemed if such redemption is reasonably likely to have the purpose or effect of facilitating an acquisition of the Company by an Interested Person. EXPIRATION OF The Rights expire on the earliest of (a) August THE RIGHTS: 14, 2011, or (b) exchange or redemption of the Rights as described above. AMENDMENT OF The terms of the Rights and the Rights TERMS OF RIGHTS: Agreement may be amended in any respect without the consent of the Rights holders on or prior to the Distribution Date; thereafter, the terms of the Rights and the Rights Agreement may be amended without the consent of the Rights holders in order to cure any ambiguities or to make changes which do not adversely affect the interests of Rights holders (other than the Acquiring Person). However, if a majority of the Company's Board of Directors is elected by shareholder action by written consent, then for a period of 180 days following such election the Rights Agreement cannot be

  • Option Exchange Program means a program whereby outstanding Options are surrendered in exchange for Options with a lower exercise price.

  • Exchange Price means as of any date, $1,000, divided by the Exchange Rate as of such date.

  • Exchange Property has the meaning set forth in Section 11(a).